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April 3, 2008

People On The Move

By Editorial Staff

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  • People On The Move

Thomas Richardson will be joining NYFIX as global head of transaction services.Richardson, previously an executive at the Boston Stock Exchange and president of its Boston Equities Exchange, will fill a new senior position once Nasdaq completes its acquisition of the BSE. Richardson will oversee management of the company's electronic execution products and services. That includes NYFIX's Millennium ATS dark pool, the soon-to-be-launched Euro Millennium dark pool and the company's algorithmic trading and other agency brokerage services. Additionally, he will be involved in strategic development activities for NYFIX.

Richardson was involved in the BSE's corporate strategy and its recent sale to Nasdaq. Prior to joining the BSE, he was a 13-year veteran of Citi's Corporate Investment Bank, most recently acting as managing director of U.S. equities. While at Citi, Richardson headed strategic development, analyzed and provided guidance on market structure developments, designed the firm's equity trading platform, and advised on a number of strategic acquisitions and business development deals.


Marybeth Shay joined BIDS Trading, an alternative trading system, as a senior managing director in charge of sales and marketing. In her position, Shay will focus on connecting additional order management and execution management systems to the BIDS trading platform, as well as developing further buyside connectivity. Shay will also manage overall direction and day-to-day operation of the sales and marketing team.

Prior to joining BIDS, Shay served as senior vice president of sales and marketing for the Boston Equities Exchange. Shay was employed by the Boston Stock Exchange for 13 years, overseeing business and product development.


Noreddine Sebti, global head of equity trading at Deutsche Bank, is moving from New York to Hong Kong. There he will assume regional responsibility for the equities business in Asia. Sebti will keep his current title and continue to report to Yassine Bouhara, Deutsche Bank's global head of equities. "Locating a global business head in Asia clearly demonstrates the changing polarity of global equity markets and the growing importance of the region," Bouhara said in a statement. Sebti joined Deutsche Bank in 1998 and has held several senior roles in London and New York. He is a former derivatives trader.


Christian Roch was promoted by BNP Paribas to head of strategy and corporate development for equities and derivatives in the Americas. He has been with BNP Paribas for more than 15 years, joining the New York office in 2004 as head of corporate development for the Americas. He will report to Todd Steinberg, head of equities and derivatives for the Americas. Roch joined Paribas in 1992 in the asset management division based in Paris.


James Malandro retired earlier this month after 41 years as a sales trader, the last 18 at Raymond James in Tampa, Fla. Malandro, who started at Shearson Hamill in 1967 and worked at Drexel Burnham, was also a founding partner at Rochdale Securities. He covered accounts in the Northeast. Clients in Philadelphia best remember Malandro for the time he took a group of them to the Saloon restaurant during the first Gulf War. There, he spotted Patti LaBelle and convinced her to stand and sing "God Bless America" in honor of the American troops. Malandro intends to spend his time working on hot rods and golfing.